SECRETARY of State Rex Tillerson’s former company Exxon Mobil has applied to the Treasury Department for a waiver from US sanctions on Russia in a bid to resume its joint venture with Rosneft, according to The Wall St Journal.
Exxon has been seeking US permission to drill with Rosneft in several areas banned by sanctions and applied in recent months for a waiver to proceed in the Black Sea, according to the paper.
Mr Tillerson is Exxon’s former chief executive officer and forged a close working relationship with Rosneft and Russian President Vladimir Putin.
The sanctions, instituted after Russia annexed the Crimea region of Ukraine in 2014, also bar dealings with Rosneft’s chief executive, Igor Sechin, saying he “has shown utter loyalty to Vladimir Putin — a key component to his current standing.”
The Black Sea request is likely to be closely scrutinised by members of Congress who are seeking to intensify sanctions on Russia in response to what the U.S. said was its use of cyberattacks to interfere with elections last year.
It isn’t clear whether the request with the US Treasury Department’s Office of Foreign Assets Control was made before Mr. Tillerson joined the Trump administration, reports The Wall St Journal.
SOURCE: newsnow worldnews